- Prior was +98K (revised to 95K)
Details:
- Goods -3K versus +2K last month
- Services +47K versus +96K last month
- Small business K vs +53K prior
- Medium businesses K vs +29K last month
- Large businesses K vs +25K last month
Wages:
- Wages for job stayers 4.4% vs 4.4% last month
- Wages for job changers 7.0% vs 6.6% last month
For me, this survey has been more credible than non-farm payrolls for at least the last year but it doesn’t get the same attention in markets and — at the moment — the market isn’t overly focused on jobs.
This article was written by Adam Button at investinglive.com.